December 30, 2022
The composite confidence indicator (economic sentiment indicator) – in the basis index form – compared to November, slightly decreased by 0.6 percentage points to 89.5, with the same developments of its components. The business confidence indicator decreased by 0.5 percentage points to 92.5 and the consumer confidence indicator decreased by 1.3 percentage points to 74.7.
In December, the confidence of entrepreneurs fell significantly in the construction and trade sectors. In selected service sectors (including the financial sector) it did not change m-o-m, in industry it increased slightly.
Confidence in the economy among consumers fell again after a slight recovery in November. Compared to last month, households are less worried about the deterioration of the overall economic situation. However, they rate their current financial situation worse. Compared to November, the number of respondents expecting further deterioration in the next 12 months did not change. In December, the number of households who believe that the current time is suitable for making large purchases decreased. Expectations of further price growth have decreased.
Source: Czech Statistical Office
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